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Coherent Acquires DeMaria
May 1, 2001 — A $22.5 million cash deal brings DeMaria ElectroOptics Systems Inc. and its CO2 laser technology into the Coherent Inc. fold. Coherent officials said they expected the deal to close in April. The DeMaria facility will continue to operate in Bloomfield, Conn., as part of Coherent's Photonics Group, which is based in Santa Clara, Calif. DeMaria has been a designer and manufacturer of CO2 lasers for industrial and research applications since it spun out of United Technologies Corp. in 1994....
Corning Is Late for Its Own Party
CORNING, N.Y. – CORNING, N.Y. – Corning Inc. is celebrating its 150th anniversary this year, but the party was over before it began, as dwindling equipment purchases at the carrier and systems levels this year rained on the component supplier’s parade. The...
Industrial Laser Shipments Up
May 1, 2001 — Industrial laser manufacturers shipped 30 percent more devices and systems in 2000 than in 1999, according to year-end figures from the McLean, Va.-based Laser Systems Product Group of the Association for Manufacturing Technology. The $721.6...
Laser Project Awaits Funds
LIVERMORE, Calif. -- LIVERMORE, Calif. -- The National Ignition Facility has not yet received all of its 2001 budget because it has not updated Congress on its construction status and its budget plan, and has not provided evidence that the facility is needed.As we went...
Rapid Prototyping Firms Merge
May 1, 2001 — Two companies that specialize in laser-based rapid prototyping technology have announced plans to merge this year. 3D Systems Corp. of Valencia, Calif., has agreed to buy all of the outstanding shares of DTM Corp. of Austin, Texas, for $5.80 per...
Remote Sensing Industry Growing
May 1, 2001 — The commercial remote sensing market is approximately $2.2 billion and growing at 10 to 15 percent per year, according to a study by the American Society for Photogrammetry & Remote Sensing of Bethesda, Md.The society reported that commercial...
Study: Money Isn’t Everything
May 1, 2001 — Cash bonuses and stock options aren’t the best way to ensure that top talent comes along as part of a merger or acquisition, researchers at Wake Forest University in Winston-Salem, N.C., say.Associate professors Michael Lord and Annette Ranft...
US Funds ’Porky’ Photonics
WASHINGTON -- WASHINGTON -- With an "oink, oink" here and an "oink, oink" there, Citizens Against Government Waste has vilified more than $200 million in government funding of photonics projects.The photonics appropriations are among $18.5 billion worth in the...
ESC Acquires Coherent’s Medical Group
YOKNEAM, Israel -- YOKNEAM, Israel -- ESC Medical Systems Ltd. has agreed to buy the Coherent Inc. Medical Group for cash, stock and notes valued around $203 million plus payments of up to $25 million based on growth of ophthalmic laser systems. Coherent’s Santa...
Free-Space Optics ’Onslaught’ Coming
Apr 1, 2001 — Nonfiber optical communication, known as free-space communication, could be a $1 billion market by 2003 and a more than $4 billion market by 2005, according to a study conducted by Allied Business Intelligence of Oyster Bay, N.Y. The study says the...
Imager Complaint Prompts Trade Investigation
Apr 1, 2001 — The US International Trade Commission has agreed to investigate a complaint by Photobit Corp. of Pasadena, Calif., that three companies are violating US import laws. Photobit complained in January that some imported digital cameras and image sensors...
Lehigh Establishes Optics Center
Apr 1, 2001 — A new Center for Optical Technologies at Lehigh University in Bethlehem, Pa., will collaborate with other academic institutions and with companies to develop research, technology transfer, and degree and nondegree educational programs. Established...
Lucent Dangles Its Fiber Business
Apr 1, 2001 — Lucent Technologies Inc.’s optical fiber business is under the microscope as the company considers selling, forming a joint venture or other alternatives. Bill O’Shea, executive vice president for corporate strategy and business...
Most High-Tech Firms Join Alliances
NEW YORK -- NEW YORK -- Just over two-thirds of high-tech businesses have participated in strategic alliances in the last three years, and photonics continues to have a share of that activity. The latest Technology Barometer study from PricewaterhouseCoopers...
Stable Laser Prompts Lawsuit
WILMINGTON, Del. -- WILMINGTON, Del. -- Japanese photonics manufacturer Sumitomo Electric Industries has sued Furukawa Electric Co. Ltd., alleging that its semiconductor laser pump diode modules infringe a Sumitomo patent. Sumitomo’s lawsuit, filed on Feb. 13,...
State Funds Photonics Projects
Apr 1, 2001 — The Washington Technology Center has presented $396,000 in photonics project awards to seven researchers at two of the state’s universities: Washington State University chemistry researcher Alexander D.Q. Li will work on organic electro-optic...
When $1 Million ≠ $1 Million
CHICAGO -- CHICAGO -- Investors know how hard it is to compare US companies’ financial statements, but America’s major accounting firms say it’s even harder to compare companies across international borders. The accounting firms Arthur...
Camera ’Sting’ Ends in Two Arrests
Mar 1, 2001 — The US Customs Service has arrested two men accused of planning to export pan-tilt-zoom cameras and other unmanned aerial vehicle components to Pakistan. Tauquir Khan, a Pakistani national living in Ames, Iowa, on a student visa, and his brother,...
CEOs: Internet Scarier than Consolidation
NEW YORK -- NEW YORK -- Changes in competition, the Internet, industry consolidation, price pressure and skill shortages are the top five marketplace challenges, according to chief executive officers who responded to a survey by Accenture and The Conference...
Court to Hear Cognex Appeal
RENO, Nev. -- RENO, Nev. -- Cognex Corp. expects a federal district court to rule this month on its request to throw out some of the machine vision and bar-code patents in its lawsuit against the Lemelson Medical, Education and Research Foundation. In addition,...
Energy Prices High, Expectations Low
PALO ALTO, Calif. -- PALO ALTO, Calif. -- Shouldn’t California’s electricity crisis be good news for the field of photovoltaics, which converts sunlight to electricity? "Sort of," seems to be the consensus of energy experts. The wide-scale, commercial...
Guilty Plea Ends China Export Attempt
Mar 1, 2001 — Yao Yi, president of Lion Photonics Inc. of Beijing, pleaded guilty last month to criminal arms export control charges that accused him of trying to send military fiber optic gyroscopes to China. The US Attorney’s Office said the State...
Industrial Laser Shipments Increase
Mar 1, 2001 — Manufacturers report that they shipped 30 percent more industrial lasers in the third quarter of 2000 than in the same quarter of 1999. The figure comes from a statistical report by the Laser Systems Product Group of the Association for...
Machine Vision Exceeds Expectations
ORLANDO, Fla. -- ORLANDO, Fla. -- Machine vision suppliers said that North American revenues increased 25.5 percent between 1999 and 2000, surpassing the expectations of the Automated Imaging Association for 2000 and almost those for 2001. The association’s...
Many Photonics Salaries Up
Mar 1, 2001 — Many photonics engineers and technicians have seen substantial salary increases over the last 12 months, according to the annual Lasers and Electro-Optics Manufacturers Association Compensation Survey. The association’s survey asks...

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